Brexit Britain Wasting Time on Pay Gap, Billionaire Spencer Says

British business is “wasting time” reviewing the gender pay gap when it should be focused on limiting the fallout from Brexit, according to Michael Spencer, the billionaire founder of electronic markets operator NEX Group Plc. Spencer is the first major figure in British business to criticize new rules that last month compelled every firm employing more than 250 people to reveal the difference between average pay for men and women. The 62-year-old is a key supporter of the Conservative government and a friend of David Cameron, the former prime minister who introduced the requirement for businesses -- and called the Brexit referendum.